Comments

MisMac

I just hope the people who are pleading for the utility companies to extend NG to the homes get the big picture here. Either the whole thing collapses or your cheap natural gas is an absolute impossibility, because you can't have both. The cost to "harvest" shale gas is an economic burden and the only way the investors will get the return they demand is for NG price to increase exponentially.

ToTEXASfromPA

"Five years ago this month, two Penn State professors, whom the Marcellus gas industry had paid to extol the economic benefits of fracking, released their report."

+++

It is part of the game that many people/organizations (conservative, liberal, industry, government, socialist, communists, capitalism, etc), play. Go get the "neutral, impartial, brainy, smarter than the average person, expert" to support your case and lend credence to your claims. The academics can be bought just like politicians. Global warming anyone!

Nobody

I wish you were right, Rick. But, technology at this point could never replace consumable energy. Not to mention the unbelievable cost were the technology close to cover consumables. Unfortunately, it's not. Yet.

ToTEXASfromPA

"BTW, I have some friends in very high places in business, one in particular is the CEO of one of our counties biggest corporations, and one of our countries biggest defense contractors.

And so, several months ago, I turned them on to this blog.

Now, these are both conservatives and liberals, but all 1% ers.

Common thought? Unbelievable. Unfortunate. Appalling.

Seriously."

++

Nobody, I don't run in the circle that you do but have been around a lot of what I would call "urban professionals"; ie they grew up in a city and have lived in a city all their life. They are accountants, engineers, attorneys, teachers, etc. Many are just plan ignorant of rural things. They have never seen a cow milked or corn picked.

Some are so focused on money that they make things like family, friends, helping, serving, etc. very low on their priority list. Some focus on promotions and money. I think that some lose focus on priorities in life.

rick424

So the price to the consumer will also be high. As more and more people will switch to gas and they export the gas and use it to generate the electricity are we not continuing the circle? The big thing is the industry will make higher profits and again the consumer gets screwed. Go renewables and stop this madness.

ToTEXASfromPA

"One of our biggest clients is Apple. Great company. And I will give a new Ipad to anyone who can prove that the gas industry is not finishing up here and mostly gone. Soon to be completely gone." --Nobody

++

It will only be proven through time. The gas is in the Marcelleus shale. The wells are expensive to drill, complete, and connect to pipelines. The gas price needs to be high enough to support this activity.

If the price for corn is high, the farmers grow corn. If the price of soybeans is high, they grow soybeans. If the price of wheat is high, they grow wheat.

Currently the price of oil is high and gas is low, so oil and gas companies drill wells that target oil production.

eriklatranyi

Gotta love liberal mindsets.....forecast gloom and doom that never materializes with the gas industry, then block pipelines, compressor stations, export terminals and any use of natural gas......then complain the industry is slowing down!

If the gas industry was growing as fast as it did in the early years, these letters would be all about they are taking over our economy and our towns.

Gas is a commodity that goes up and down in price and up and down in activity....like it has for over 100 years.